In 2023, the annual total value of consumer electronic wire transfers, over Israel’s ZAHAV payment system, was just under 141 billion Israeli shekels, about 37.6 billion U.S. dollars. This reflected an increase of nearly nine percent in the value of transactions from the previous year. Notably, transaction values rose by 33.3 percent between 2020 and 2021.
Annual total value of consumer wire transfer transactions over ZAHAV payment system in Israel from 2015 to 2023
(in billion Israeli shekels)
Currency conversion rate as of November 12, 2024 was 1 USD = 3.75 ILS.
2023 data are estimates.
Data includes only 'consumer transactions' which are defined by the source as transactions up to 1 million Israeli shekels.
The ZAHAV system is Israel’s real-time gross settlement (RTGS) system, managed by the Bank of Israel. It enables individuals, businesses, and financial institutions to make immediate, final, and secure money transfers, with each transaction settled instantly to reduce risk. The system is known for its stability and high availability.
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Bank of Israel. (August 11, 2024). Annual total value of consumer wire transfer transactions over ZAHAV payment system in Israel from 2015 to 2023 (in billion Israeli shekels) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1535979/israel-annual-wire-transfer-total-value-zahav-system/
Bank of Israel. "Annual total value of consumer wire transfer transactions over ZAHAV payment system in Israel from 2015 to 2023 (in billion Israeli shekels)." Chart. August 11, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1535979/israel-annual-wire-transfer-total-value-zahav-system/
Bank of Israel. (2024). Annual total value of consumer wire transfer transactions over ZAHAV payment system in Israel from 2015 to 2023 (in billion Israeli shekels). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1535979/israel-annual-wire-transfer-total-value-zahav-system/
Bank of Israel. "Annual Total Value of Consumer Wire Transfer Transactions over Zahav Payment System in Israel from 2015 to 2023 (in Billion Israeli Shekels)." Statista, Statista Inc., 11 Aug 2024, https://www.statista.com/statistics/1535979/israel-annual-wire-transfer-total-value-zahav-system/
Bank of Israel, Annual total value of consumer wire transfer transactions over ZAHAV payment system in Israel from 2015 to 2023 (in billion Israeli shekels) Statista, https://www.statista.com/statistics/1535979/israel-annual-wire-transfer-total-value-zahav-system/ (last visited November 21, 2024)
Annual total value of consumer wire transfer transactions over ZAHAV payment system in Israel from 2015 to 2023 (in billion Israeli shekels) [Graph], Bank of Israel, August 11, 2024. [Online]. Available: https://www.statista.com/statistics/1535979/israel-annual-wire-transfer-total-value-zahav-system/
